AGP Executive Report
Last update: 2 hours agoRates and Banks: Weak jobs data eased rate-hike bets, while the RBA governor warned sharper increases may still be needed. The central bank also reported an A$8.5 billion annual loss. Crypto Regulation: ASIC is proposing a A$14 million capital requirement for crypto firms and flagging unresolved offshore key-storage risks. Australia also plans mandatory crypto tax reporting from 2027 and international data sharing by 2028. Small Business Payments: The ATO’s plan to stop accepting credit-card tax payments from December has drawn backlash from businesses over the short notice and loss of a payment option. Household Finances: Some 7.5 million Australians have $21.2 billion in lost or ATO-held super, as annual statements arrive. ING has also closed its Savings Maximiser to new applicants, prompting savers to compare rates.
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